Joe Biden promises to bring the Obama years back with a vengeance. One thing that’s likely to return is government slush funds for left-wing groups. Unless Trump takes decisive action, one of the biggest piggy banks for the Left will come from the Federal Housing Financial Agency (FHFA).
The Supreme Court on Wednesday will hear Collins v. Mnuchin. The case is a complicated matter that involves government management of Fannie Mae and Freddie Mac and how independent it is from the administration. The federal government placed both under conservatorship—meaning federal management—during the 2008 financial crisis. The agency in control was the Federal Housing Financial Agency. A federal appeals court previously ruled FHFA’s structure unconstitutional.
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